When markets fall, Price Earning ratios correct. Including the PE ratios of candidates who attend job interviews! Already one is hearing about a big broking firm closing down 100 branches. I have lost track of how many branches they have, so this is an absolute number and not a relative number. What it means is that older, dull boring companies who were worried about employee separation will breathe freely!
If your broker asks you to do more activity to “recover the loss”- that loss which you made listening to the RM in the first place, change your broker!
I liked this line from a RM “We, including my MD, are a bunch of deal makers – we make the maximum possible money from each deal from each clinet” – but our HR finds us good names from time to time which makes us feel a little less bad about what we do…
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